The decision by the Central Bank of Russia to accelerate it is monetary easing cycle today with a 200bp cut to its policy rate, to 18.00%, signals that policymakers are becoming more concerned about the slowing economy and a bit less concerned about upside inflation risks. But the communications also suggest that the easing cycle will go back to smaller steps at upcoming meetings.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services